State Releases February 2018 General Revenue Report

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JEFFERSON CITY - State Budget Director Dan Haug announced today that 2018 fiscal year-to-date net general revenue collections increased 4.4 percent compared to 2017, from $5.71 billion last year to $5.97 billion this year.

Net general revenue collections for February 2018 decreased 21.5 percent compared to those for February 2017, from $606.3 million last year to $475.7 million this year.

GROSS COLLECTIONS BY TAX TYPE

Individual income tax collections
Increased 6.1 percent for the year, from $4.45 billion last year to $4.72 billion this year.
Decreased 3.5 percent for the month.

Sales and use tax collections
Increased 2.2 percent for the year from $1.43 billion last year to $1.46 billion this year.
Decreased 0.7 percent for the month.

Corporate income and corporate franchise tax collections
Increased 21.0 percent for the year, from $203.5 million last year to $246.2 million this year.
Decreased 45.9 percent for the month.

All other collections
Decreased 0.5 percent for the year, from $266.1 million last year to $264.8 million this year.
Decreased 61.4 percent for the month.

Refunds
Increased 14.6 percent for the year, from $634.3 million last year to $726.7 million this year.
Increased 42.8 percent for the month.

Note: The FY 2018 total refund line includes Debt Offset Escrow amounts, which had not previously been included in the FY 2017 refund amount.

The figures included in the monthly general revenue report represent a snapshot in time and can vary widely based on a multitude of factors.